KEYTAKEAWAYS
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The U.S. Senate advances the “Big and Beautiful” tax bill, potentially boosting markets short term but raising inflation and Fed tightening concerns.
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Ondo and Pantera launch a $250M fund to support real-world asset tokenization, signaling institutional confidence in RWA’s long-term ecosystem growth.
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Owlto develops USD1-based cross-chain stablecoin infrastructure, aiming to make USD1 a core multichain settlement asset amid rising regulatory focus.
CONTENT
US SENATE ADVANCES “BIG AND BEAUTIFUL” TAX BILL IN KEY VOTE
The U.S. Senate narrowly passed a procedural vote (51–49) to move forward with a major tax and spending bill nicknamed “Big and Beautiful.”
The bill extends Trump-era tax cuts and introduces new deductions (e.g., for tips and auto loans), boosts defense spending, and funds anti-immigration efforts. Lawmakers aim to finalize the bill before July 4.
Analysis:
The bill may temporarily boost risk appetite in equities and crypto markets by enhancing disposable income and corporate profit expectations.
However, the increased deficit could stoke inflation fears and raise expectations of Fed tightening later — a potential volatility trigger for BTC and ETH in the medium term.
ONDO & PANTERA TO LAUNCH $250M FUND FOR RWA PROJECTS
Ondo Finance and Pantera Capital are launching a $250M “Catalyst” fund focused on tokenized real-world asset (RWA) equity and token investments.
Ondo’s flagship products, OUSG and USDY, already hold a combined ~$1.4B in tokenized U.S. Treasuries. Ondo is also building a dedicated Layer 1 network to support RWA liquidity and infrastructure.
Analysis:
The fund signals a maturing RWA sector, with capital now backing foundational ecosystems, not just products. Catalyst may accelerate traditional asset tokenization and support the emergence of a full-stack RWA economy.
As RWAs become a bridge between DeFi and traditional finance, more institutional capital could flow on-chain.
OWLTO DEVELOPS USD1-BASED CROSS-CHAIN STABLECOIN INFRASTRUCTURE
Owlto Finance is building a cross-chain infrastructure centered around USD1, a Trump-affiliated stablecoin.
Key upgrades include seamless USD1 transfers across chains, staking-based yield opportunities, and a long-term plan to make USD1 a core settlement asset once the “GENIUS Act” passes.
Analysis:
Owlto’s plan reflects a broader trend of expanding stablecoins from single-chain tools into multichain liquidity anchors. If successful, USD1 could become a go-to settlement layer in the cross-chain world — particularly if regulation legitimizes its usage.
The move highlights growing interest in both compliance and interoperability within the stablecoin sector.
